XML 45 R33.htm IDEA: XBRL DOCUMENT v3.20.2
Employee Benefits (Tables)
6 Months Ended
Jun. 30, 2020
Retirement Benefits [Abstract]  
Components of net periodic benefit cost for the pension plans
The following table provides the components of the net periodic (benefit) cost recognized in the Condensed Consolidated Statements of Income for Aon’s significant U.K., U.S., and other major pension plans, which are located in the Netherlands and Canada. Service cost is reported in Compensation and benefits and all other components are reported in Other income (expense) as follows (in millions):
 Three Months Ended June 30,
 U.K.U.S.Other
 202020192020201920202019
Service cost$—  $—  $—  $—  $—  $—  
Interest cost21  27  21  27    
Expected return on plan assets, net of administration expenses(39) (48) (33) (34) (9) (10) 
Amortization of prior-service cost —  —  —  —  —  
Amortization of net actuarial loss  17  14    
Net periodic (benefit) cost(9) (13)   (1) —  
Loss on pension settlement —  —  —  —  —  
Total net periodic (benefit) cost$(7) $(13) $ $ $(1) $—  
 Six Months Ended June 30,
 U.K.U.S.Other
 202020192020201920202019
Service cost$—  $—  $—  $—  $—  $—  
Interest cost43  55  42  54   14  
Expected return on plan assets, net of administration expenses(78) (97) (66) (68) (17) (20) 
Amortization of prior-service cost  —   —  —  
Amortization of net actuarial loss15  15  34  27    
Net periodic (benefit) cost(19) (26) 10  14  (2) —  
Loss on pension settlement —  —  —  —  —  
Total net periodic (benefit) cost$(17) $(26) $10  $14  $(2) $—  
Schedule of employer's contributions The following table summarizes contributions made to the Company’s significant pension plans (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Contributions to U.K. pension plans$ $23  $ $46  
Contributions to U.S. pension plans  38  23  
Contributions to other major pension plans  11  10  
Total contributions$18  $32  $53  $79